Here we are… The last couple of days of January… So the first month of 2012 is just about over, and already, we’ve heard the Fed push their rate forecast for near zero rates out further, and the Fed laying the groundwork for another round of QE… But… When we began the month/year, everyone was pounding their chests, and talking about what a great year 2012 would be (economic-wise)… Talk about deflating the balloon in the first month of the year!
[Read more...]Big Ben Discusses Another Round of Quantitative Easing
January 26, 2012 By Leave a Comment
Good day… And a Tub Thumpin’ Thursday to you! I wonder what I’ll talk about today…. Hmmmm… Could it be…. The Fed meeting? Oh, you are so smart! In case you missed this yesterday, because I’m sure the major media outlets couldn’t muster up enough intestinal fortitude to do it, but the Fed threw a cat among the pigeons yesterday… There are a lot of things I’m thinking about, this morning, so, this should be entertaining… For me at least!
[Read more...]Gold Temporarily Loses its Uncertainty Hedge
January 25, 2012 By Leave a Comment
Good day! And a wonderful Wednesday to you! A very confusing day for yours truly yesterday. I have my beliefs, and they have been proven to be true for a long time now. But now there’s something gnawing at those beliefs now… and then a wrench gets thrown into the works. I’m telling you now, so you can listen to me later: Confusion reigns…
[Read more...]Continue to Buy Gold on Dips
November 16, 2011 By Leave a Comment
Well… There I was, in a room full of CFAs — people with minds that don’t work like mine, or should I say mine doesn’t work like theirs! And at the podium was James Bullard, President of the St. Louis Fed… And it hurts me to talk, and I would not have been able to talk loud enough for him to hear my question… Oh, the things that happen to me!
[Read more...]Will The CFTC Have Teeth?
October 18, 2011 By Leave a Comment
The currency rally late last week and Sunday night is over… I think the two comments I told you about yesterday from a German official and then from the German Finance Minister (about the prospects of a “solution for the Eurozone debt crisis” being put to bed by next Monday) have really scared the markets into believing they went too far last week and Sunday night…
[Read more...]Inflation Is Coming!
June 13, 2011 By Leave a Comment
Good day… And a Marvelous Monday to you! It’s not a Marvelous Monday for the currencies, stocks, commodities, the Miami Heat, or my beloved Cardinals… Of course, those two teams will get through their rough patches… But the risk assets… Talk about getting slammed on Friday… Whoa! That was one nasty move, and so, here we are on this Marvelous Monday sifting through the ashes of risk assets that got burned on Friday.
[Read more...]An Emerging Free Market Currency
June 3, 2011 By Leave a Comment
“I’d feel a little stupid buying these things,” a dear friend of your editor’s recently remarked. “But that’s probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce.”
Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let’s begin where all good non-Tarantino stories begin…at the beginning.
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Currencies Hold Ground Ahead of Jobs Jamboree
This morning, the currencies look pretty much like they did yesterday when I left the office… There’s still the Sword of Damocles hanging over the euro (EUR), in the form of Greek negotiations to obtain help from private lenders. This has dragged on now for over two weeks, and I’ve given up on it happening… You only have to disappoint me twice before I get the message!
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